Corporate Law - Page 297

Court cannot order payment of interest against the contract

If an arbitration agreement says that no interest would be payable for an award amount from the date when the cause of action arose and the date of the award, the court cannot order a party to pay interest, the Supreme Court clarified in the case, Sree Kamatchi Amman Constructions vs Divisional Railway Manager. In this case, the contract ...

Read More
Posted Under: Corporate Law |

Section 29B of the Industries (Development and Regulation) Act, 1951 – Power to exempt in special cases – List of items reserved for exclusive manufacture in small scale sector notified vide Notification No. S.O. 477(E) – Amendment in Notification No. S.O. 477(E), dated 25-7-1991

Notification No. S.O. 1881(E) (30/07/2010)

In exercise of the powers conferred by sub-section (1) of section 29B of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government, after considering the recommendations made to it by the Advisory Committee, hereby directs that the following further amendment shall be made in the notification of the Gover...

Read More

Disclosure of agency details on policy document

Circular No. IRDA/CAD/CIR/AGN/137/08/2010, (25/08/2010)

The Authority is in receipt of complaints from policyholders relating to agency identification and servicing, especially when they have approached insurers directly and are serviced through an agency allotted by the insurer. In particular, there are complaints that there are instances of agency codes that are dummy, with the agent being ...

Read More

IRDA circular on Electronic Transaction Administration and Settlement System (ETASS)

Circular No. IRDA/NL/ORD/RIN/136/08/2010 (24/08/2010)

During the inspection of several broker and insurers, it was found that audit trial of many transactions with regard to reinsurance placements and coinsurance was very difficult to track. The trial started going cold after the money reaches the broker and cash flows to and from the reinsurer were not available for monitoring, either with...

Read More

Subscribers of retirement fund manager EPFO likely to get 8.5 per cent interest on their deposits in current fiscal

For the sixth year in a row, over 4.7 crore subscribers of retirement fund manager EPFO are likely to get 8.5 per cent interest on their deposits in the current fiscal. "EPFO's apex decision-making body, the Central Board of Trustees (CBT), is likely to fix 8.5 per cent interest for subscribers at its meeting scheduled for September 10,"...

Read More
Posted Under: Corporate Law |

A to Z of Limited Liability Partnership

The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle that provides the benefits of limited liability and also allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The revised Bill received the assent o...

Read More
Posted Under: Corporate Law |

Property statements are not 'confidential' info and can be disclosed under the RTI act

Property statements filed by civil servants are not confidential information and can be disclosed after taking the views of concerned officials as per the provisions of the RTI Act, the Central Information Commission has held. Chief Information Commissioner Wajahat Habibullah rejected the plea of Department of Personnel and Training that...

Read More
Posted Under: Corporate Law |

IRDA slaps fine of Rs 20L on Bharti's insurance firms

NA (27/08/2010)

Insurance regulator IRDA has slapped a fine of Rs 20 lakh on Bharti Enterprises promoted life and non-life insurance ventures for not informing changes in ownership pattern. Both Bharti Axa Life Insurance Company and Bharti Axa General Insurance Company has been asked to pay a penalty of Rs 10 lakh each....

Read More

Govt. considering amendment in RTI Act

Proposal for amendment of RTI Act is under consideration in the Ministry of Personnel, Public Grievances & Pensions. The proposal under consideration includes, inter-alia, amendment to enlarge the scope of suo-motu disclosure, to discourage frivolous or vexatious representations,...

Read More
Posted Under: Corporate Law |

FAQs and answers on Limited Liability Partnership

NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership....

Read More
Posted Under: Corporate Law |
Page 297 of 332« First...102030...295296297298299...310320330...Last »

Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc.

At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.